Boise Real Estate Blog

Meridian Idaho Home Sales – October 2019

November 13, 2019

Meridian Idaho Home Sales Activity For October 2019

Meridian Idaho Homes For Sale

# Available: 589 Click here to view all homes for sale in Meridian, ID
Average Asking Price: $429,254
Median Asking Price: $384,900
Months’ Supply: 2.2

Meridian ID Pending Sales

# Pending: 416
Average Asking Price: $403,952
Median Asking Price: $374,945

Meridian ID Home Sales – October 2018

# Closed: 272
Average Sales Price: $342,156
Median Sales Price: $317,647

Meridian ID Home Sales – October 2019

# Closed: 281
% Change: +3.3%
Average Sales Price: $364,176
% Change: +6.4%
Median Sales Price: $339,990
% Change: +7.0%

Read More About Meridian, Idaho

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Data extracted from Intermountain MLS on 11/10/19 and pertains to Meridian Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

Eagle Idaho Home Sales – October 2019

November 11, 2019

Eagle Idaho Home Sales Activity For October 2019

Eagle Idaho Homes For Sale

# Available: 222 Click here to view all homes for sale in Eagle, ID
Average Asking Price: $719,219
Median Asking Price: $599,450
Months’ Supply: 2.3

Eagle ID Pending Sales

# Pending: 149
Average Asking Price: $646,128
Median Asking Price: $599,999

Closed Eagle ID Home Sales – October 2018

# Closed: 108
Average Sales Price: $524,812
Median Sales Price: $494,950

Closed Eagle ID Home Sales – October 2019

# Closed: 116
% Change: +7.4%

Average Sales Price: $575,261
% Change: +9.6%

Median Sales Price: $532,700
% Change: +7.6%

Eagle, Idaho Community Information

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Data extracted from Intermountain MLS on 11/10/19 and pertains to Eagle Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

Boise Idaho Real Estate Market Snapshot

November 6, 2019

Summary of the Boise Idaho Real Estate Market

Available Listings

Our listing inventory remains about the same as it was at the end of Q2.
It’s extremely difficult to find a quality home matching a buyer’s specific criteria.
We have 1,745 homes available in all of Ada County, spread over 17 MLS areas, in all price ranges.
Only 840 (48.1%) of those available listings are existing resale homes.
85 (4.9%) of those listings are “To Be Built” (builders seeking pre-sales).
402 (23.0%) of those listings are “Under Construction”.
424 (24.3%) of those listings are “New-Never Occupied” completed spec homes.

Pending Sales

We have 1,391 pending sales in escrow now vs. 1,452 at this time last year (-4.2%).
469 (26.9%) of all pending sales are new homes under construction.

Closed Sales

31.7% of all YTD closed sales were new homes.
We closed 8,746 homes in the first three quarters of 2019 vs. 8,937 in the same period of 2018 (-2.1%).

New Homes

Many buyers are opting for new homes due to the lack of resale home listings.
Most builders are building spec homes with pre-selected options vs. allowing buyers to select options.

Comments

We continue to sell fewer homes at higher prices due to our low listing inventory vs. strong demand.
Interest rates for owner-occupied homes remain steady around 4% for 30-year fixed-rate loans.

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Data pertains to Ada County single-family homes on lot or acreage.

Data extracted from Intermountain MLS on 10/5/19 and 11/2/19.

Boise Idaho Community Information

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